Skip to content

Commit

Permalink
TinaCMS content update
Browse files Browse the repository at this point in the history
  • Loading branch information
tina-cloud-app[bot] authored Jun 28, 2024
1 parent dfed2f4 commit c64e941
Showing 1 changed file with 7 additions and 8 deletions.
15 changes: 7 additions & 8 deletions docs/Proposals-and-Voting.mdx
Original file line number Diff line number Diff line change
Expand Up @@ -28,28 +28,27 @@ Please read the pinned posts for the [rules](https://commonwealth.im/open-dollar

### Governance Parameters

Voting Delay: 1 day
Proposal Delay: 12 hours

From the time the proposal is live there is a 1 day delay before voting occurs. This is to give voters and delegates adequate time to prepare.
From the time the proposal is live there is a 12 hour delay before voting occurs. This is to give voters and delegates adequate time to prepare.

Voting Period: 2 days

After the voting delay, votes are counted for 2 days, giving ample time for all DAO members to participate. As soon as it’s over, the proposal can be passed.


Timelock Delay: 1 day

After the first proposal is passed, there is no delay before it can be executed so we can increase the debt ceiling to launch Open Dollar immediately and have the flexibility to make necessary changes quickly.
After the first proposal is passed, there is no delay before it can be executed so we can increase the debt ceiling to launch Open Dollar immediately and have the flexibility to make necessary changes quickly.

One of the first proposals we expect to make after launch is an increase in the timelock delay to 1 day, to increase security.

Proposal Threshold: 10,000 votes
Proposal Threshold: 5,000

10,000 votes is the minimum required voting power to create a proposal. This is designed to be high enough to filter spam yet low enough to be accessible either independently or by delegation.
5,000 ODG is the minimum required voting power to create a proposal. This is designed to be high enough to filter spam yet low enough to be accessible either independently or by delegation.

Quorum: 0.2%
Quorum: 20,000

0.2% of the total token supply at the time of the proposal is the minimum number of votes required for a proposal to be valid. ”No” votes do not count towards quorum.
20,000 is the minimum number of votes required for a proposal to be valid. ”No” votes do not count towards quorum.

The exact number of tokens for quorum and the proposal threshold can also be found on the [delegates](https://gov.opendollar.com/dao/delegates) page.

Expand Down

0 comments on commit c64e941

Please sign in to comment.